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Daily Bond Report - 08/08/08 01:36 PM
Friday, August 08, 2008
With Fannie Mae announcing that their second quarter earnings were three times less than what analysts expected and their CEO stating that they are expecting it to get worse, it would seem logical that the bond and stock market would follow past trends and would both tank... ummm no. Both the bond and stock market has rallied on from what can only be explained as an oil hangover. Oil has fallen down to the $116 range dropping almost $4 today. Now if they will just drop the price of gas as fast as they raise it (that … (1 comments)
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The Daily Bond Report - 08/01/08 11:17 AM
Friday, August 01, 2008
Unemployment jumped to 5.7% beating estimates, but June employment payrolls 17,000 less than expected. Who makes these estimates!?!?!?! So far, the economy has lost a total of 463,000 jobs this year. Alan Greenspan, famous for being pulled out of the mothballs and dusted off, talked about what he feels as an eminent recession on the horizon. His words, not mine Steve... Here's where the bonds will have a hard time making ground today even with the DOW down more than 70 points in early trading. On his interview on CNBC, he felt that the U.S. housing market … (0 comments)
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Karl Menzer Tooele Utah Real Estate Lender
Tooele,
UT
More about me…
karlmenzer.com
Address: 36 N Main St., Tooele, Ut , 84074
Office Phone: (435) 849-0212
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